The Swiss government ordered banks to hold additional capital as a buffer against risks posed by the country’s biggest property boom in two decades.
Banks will be forced to hold an extra 1 percent of risk- weighted assets linked to domestic residential mortgages, the government in Bern said in a statement today. Lenders would have to add about 3 billion francs ($3.26 billion) to comply with the new rules, which will be enforced from Sept. 30...............................................Full Article: Source